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Day: March 25, 2021

Viridian Therapeutics Reports 2020 Financial Results and Provides Corporate Updates

Progressed lead programs VRDN-001 and VRDN-002 towards clinical trials in Thyroid Eye Disease (TED); both IND filings expected by the end of 2021 Completed integration and name change to Viridian Therapeutics following October 2020 merger and concurrent financing Ended 2020 with a strong cash position of $127.6 million, and runway into the second half of 2023 Strengthened leadership team with the appointment of Dr. Jonathan Violin as CEO and additions of Dr. Barrett Katz as CMO and Dr. Vahe Bedian as Chief ScientistBOULDER, Colo., March 25, 2021 (GLOBE NEWSWIRE) — Viridian Therapeutics, Inc. (NASDAQ: VRDN), a biopharmaceutical company advancing new treatments for patients suffering from serious diseases but underserved by today’s therapies, today announced financial results for the fourth quarter and year ended December 31, 2020...

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ADMA Biologics Reports Fourth Quarter and Full Year 2020 Financial Results

Achieved Full Year 2020 Total Revenues of $42.2 Million, a 44% Increase Over Full Year 2019 Accelerated ADMA BioCenters Plasma Collection Network Expansion Guidance; Anticipates Having 10 or More Plasma Collection Centers in Operation by 2024 Management to Host Conference Call and Webcast Today at 4:30 p.m. ET RAMSEY, N.J. and BOCA RATON, Fla., March 25, 2021 (GLOBE NEWSWIRE) — ADMA Biologics, Inc. (Nasdaq: ADMA) (“ADMA” or the “Company”), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty plasma-derived biologics, today reported financial results for its fiscal fourth quarter and year ended December 31, 2020 and provided an overview of recent progress and accomplishments. “In a year full of unprecedented health and economic challenges due to the pandemic, the ADMA team’s...

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Eyenovia Reports Fourth Quarter and Full Year 2020 Financial Results

Announces MydCombi expected PDUFA date of October 28, 2021 Completes patient enrollment in Phase 3 VISION-1 study evaluating MicroLine for the treatment of presbyopia; topline data on track for Q2 Company to host conference call and webcast today, March 25, at 4:30 pm ET NEW YORK, March 25, 2021 (GLOBE NEWSWIRE) — Eyenovia, Inc. (NASDAQ: EYEN), a clinical stage ophthalmic company developing a pipeline of advanced therapeutics based on its proprietary microdose array print (MAP™) platform technology, today announced its financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 and Recent Business HighlightsU.S. Food and Drug Administration (FDA) has accepted the Company’s New Drug Application (NDA) for the Company’s pupil dilation agent MydCombi™ and subsequently notified the Company that...

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Trevi Therapeutics Announces Fourth Quarter and Year End 2020 Financial Results and Business Updates

Expects to Complete Enrollment and Report Top-Line Data of the Phase 2b/3 PRISM Trial in Second Half of 2021 Cash Position Expected to Fund Operations into the Second Quarter of 2022 NEW HAVEN, Conn., March 25, 2021 (GLOBE NEWSWIRE) — Trevi Therapeutics, Inc. (Nasdaq: TRVI), a clinical-stage biopharmaceutical company focused on the development and commercialization of Haduvio™ (nalbuphine ER) to treat serious neurologically mediated conditions, today announced financial results for the quarter and year ended December 31, 2020, as well as business highlights. “We made significant progress in the PRISM trial this year, despite the impact of COVID-19 which slowed recruitment activities worldwide through the latter part of 2020 and early 2021. Recruiting for this trial has accelerated this month and we expect to complete enrollment...

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Oxford: Owner of Tommy Bahama, Lilly Pulitzer, and Southern Tide Reports Fourth Quarter and Full Fiscal Year 2020 Results

–Continued Strength in E-commerce––Provides Guidance for First Quarter and Fiscal 2021––Restores Dividend to pre-COVID level of $0.37 per Share; a 48% Increase Compared to Prior Dividend– ATLANTA, March 25, 2021 (GLOBE NEWSWIRE) — Oxford Industries, Inc. (NYSE: OXM) today announced financial results for its fourth quarter and fiscal 2020 year ended January 30, 2021.   Consolidated net sales were $221 million in the fourth quarter of fiscal 2020 compared to $298 million in the fourth quarter of fiscal 2019. On a GAAP basis, the Company reported a loss of $0.74 per share in the fourth quarter of fiscal 2020 as compared to earnings of $0.90 per share in the same period of the prior year. Adjusted earnings were $0.13 per share in the fourth quarter of fiscal 2020 compared to adjusted earnings of $1.09...

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Neoleukin Therapeutics Announces Year End 2020 Financial Results

– Anticipating first patient for NL-201 Phase 1 Trial in 1H21 – – Cash and cash equivalents of $192.6 million expected to fund operations into 2023 – – Company to host Conference Call Today, March 25, 2021 at 1:30 p.m. Pacific / 4:30 p.m. Eastern – SEATTLE, March 25, 2021 (GLOBE NEWSWIRE) — Neoleukin Therapeutics, Inc., “Neoleukin” (NASDAQ:NLTX), a biopharmaceutical company utilizing sophisticated computational methods to design de novo protein therapeutics, today announced a corporate update and financial results for the year ended December 31, 2020. “Despite the challenges of the COVID-19 pandemic, our team has remained focused and committed to the advancement of our de novo technology platform, paving the way for future achievements this year and beyond,” said Jonathan Drachman, M.D., Chief...

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Kane Biotech Announces Fourth Quarter and Full Year 2020 Financial Results

WINNIPEG, Manitoba, March 25, 2021 (GLOBE NEWSWIRE) — Kane Biotech Inc. (TSX- V:KNE; OTCQB:KNBIF) (the “Company” or “Kane Biotech”), a biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms, today announced its fourth quarter and full year 2020 financial results. 2020 Corporate Highlights: Wound Care and SurgicalOn June 18, 2020, the Company was awarded approximately US$2.7 million in non-dilutive funding from the U.S. Department of Defense’s (“DoD”) Medical Technology Enterprise Consortium Research Project Award (“MTEC”). The award was for the continued clinical development of Kane’s DispersinB® technology to treat biofilm-mediated antimicrobial resistance in non-healing chronic wounds.Animal HealthOn October 13, 2020, the Company...

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Sorrento Announces Updated Positive Results of Phase 1b Study of COVI-MSC™ for Treatment of ICU COVID-19 Patients

All nine patients with acute respiratory failure due to COVID-19 discharged from hospital within days after 3rd COVI-MSC infusion Preparations are ongoing for initiating Phase 2 placebo-controlled studySAN DIEGO, March 25, 2021 (GLOBE NEWSWIRE) — Sorrento Therapeutics, Inc. (Nasdaq: SRNE, “Sorrento”) announced today updated positive results from its Phase 1b study of human allogeneic adipose-derived mesenchymal stem cells (COVI-MSC™) for patients suffering from COVID-19-induced acute respiratory distress (ARD) or acute respiratory distress syndrome (ARDS). This ongoing study (MSC-COV-101) is a single arm, non-randomized Phase 1b study of the safety and preliminary efficacy of COVI-MSCs administered every other day for three infusions for a total of 1 x 106 cells/kg. The primary objective of this study is to evaluate...

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Articles of Association for Orphazyme A/S

Orphazyme A/SCompany announcement                                                                                       No. 10/2021                                                                                                          Company Registration No. 32266355 Copenhagen, Denmark, March 25, 2021 – Orphazyme A/S (ORPHA.CO; ORPH) (“the Company”), a late-stage biopharmaceutical company pioneering the Heat-Shock Protein response for the treatment of neurodegenerative orphan diseases, today held its Annual General Meeting, at which amendments to the Articles of Association of the Company were adopted. The new Articles of Association dated 25 March 2021 are attached and are available on the Company’s website www.orphazyme.com. For additional information, please contact Orphazyme A/S Anders Vadsholt, Interim CEO & CFO            ...

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US Lighting Group Revenue Jumps 52% in 2020 Beating Out 2019

EUCLID, Ohio, March 25, 2021 (GLOBE NEWSWIRE) — U.S. Lighting Group, Inc. (OTC:USLG) announced it had a phenomenal 2020 sales year and attributed the increase in revenue to its successful completion of several R&D projects, resulting in increased purchase orders from OEM and private label customers, along with organic growth from its market share of automotive electronics branded products. Gross profit as a percentage of sales increased to 67% for the year ended December 31, 2020 with an improved gross margin and increased automation implemented during 2020, leading to reduced labor costs and improved supply chain management. “The US Lighting Group is overjoyed with its 2020 year-end financials with the $4.0 million in sales revenue, plus the major increase in its operating income of $495,000, significantly up from the operating...

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